Bruce wach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31,2023. May 1 Purchased new equipment, paylng cash of $14,800 and signing a 99 -day note payable for the balance of $49,89e. 2 Purchased 12 months of insurance to begin May 2 ; pald $28,800. 3 completed a fitness contract for a group of clients today and received 56,690. 4 Purchased office supplies on account; 54,150. 6 Returned to the supplier $830 of defective of fice supplies purchased on May 4. 10 Provided services to a client today on account; 512,309. 15 Pald for the May 4 purchase less the return of Hay 6 . 20 Recelved payment from the client of Hay 10. 25 Recelved cash of $3,309 from a cldent foc work to be done in zune. 31 Paid nonth-end salarles of $55,000. 31 Paid the Hay telephone bill today: $2,650. 31 Recefved the Mby electrical bil1 todny: 53,900 . It w112 be pafd on June 15 . Required: Prepare fournal entries for each of the above transactions. Journal entry worksheet